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Reuters: Shell in talks over stake in CNOOC Huizhou refinery

Reuters: Shell in talks over stake in CNOOC Huizhou refinery

 

Mon May 22, 2006

 

DAYA BAY, May 22 (Reuters) – Oil Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said it was in talks with CNOOC over taking a stake in its 240,000 barrel-per-day Huizhou refinery in southern China, a company official told reporters on Monday.

 

Tan Ek Kia, vice president of ventures and developments at Shell Chemicals, declined to give the size of the potential stake or the timescale for discussions over the refinery that is expected to be completed by 2007/2008.

 

Royal Dutch/Shell Groups is already in joint-venture with CNOOC in a $4.3 billion naphtha cracker in the Nanhai area.     

 

© Reuters 2006. All Rights Reserved.

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